Brands
Five steps to build a strong brand: Kantar Millward Brown
MUMBAI: Curating the top 50 most valuable brands list in India was an eye-opener in many ways, said Kantar Millward Brown MD Dinesh Kapoor, referring to the valuable insights that brands can gather from the data available to the agency.
Studying the multiple variables that determined on what spectrum of the Top 50 chart it would rank, or whether it qualified at all, revealed the need of the hour for CMOs across categories to build a valuable brand.
This brought Kapoor to enlist the ‘must dos’ of building a strong brand in India. While the core principles echoes what gurus have passed down to the generation next for decades, it’s been adjusted to suit the current socio-economic and political flavour of the country, and how consumers are reacting to it.
Meaningful: With a fast paced economy, some marketers may forget the simplest and essential rule in the book, i.e, to build a meaningful brand that meets the consumer’s need and makes their life better.
Differentiate: When there is competition, and several new products are being launched in every category, it is essential to have a USP, or point of difference. Brands that improved on differentiator grew by 81% higher than brands which failed to differentiate, read a report by Kantar.
Innovation: Citing examples of Bajaj Auto, Kotak, and Airtel, Kapoor explained how differentiation made on top of innovation adds more value to the brands. While Bajaj V launch was a differentiation based on creativity, Kotak tried a unique proposition with its revised interest rates. On the other hand, Airtel has stayed ahead of the curve by setting trends. It is noteworthy that the emphasis to be different is far greater in the Indian market than the global or other Asian markets. 86 per cent of brands that grew on innovation also grew on differentiation, informed Kapoor.
Advertising: Appealing communication is a pillar of brand-building that helps the brand stay salient in the minds of the consumers, says Kapoor. Brand value growth is even greater when meaningfully different brands build salience with great creative advertising.
Brand Love: What comes out of the heady mix of the above mentioned variables is an increase in the brand love index that further helps to multiply a brand’s value.
What makes brand value an important trait to vie for is its direct relation to how the brand performs on the stock market.
“It’s not an assumption that a highly valuable brand is more likely to do well on the stock market. We have substantial data to back up the statement that strong brands generate superior shareholders’ return,” shared Kapoor, adding that a stronger brand is more likely to withstand a tough market situation, and augment revenue growth during favourable times.
Brands
Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
